im thinking the whole complex metals and miners is close to a bottom fwiw. but ive thought that before ha ha i agree though gold has shown no bounce at all nada . before i can get real excited here i need to see the hui over 125 for starters
Hi gannman,
Yes I agree with $125.
To follow up on my last post.
My daily trend model is still down, but my 135 trend model signaled a buy today.
[attachment=23951:GLD_135.png]
BUT you mentioned $107. And there is still a heavy resistance level to deal with:
[attachment=23952:GLD.png]
I would wait to clear the $104.88 level OR till RSI calms down.
But not sure if you are trading 10 sec trends with 3x leverage stuff like some traders here. Only to have it wiped out in one day with a false signal.
I was talking about a little longer trend than 10 sec.
Good luck